v3.26.1
FINANCIAL INSTRUMENTS (Tables)
 12 Months Ended
Dec. 31, 2025
Investments, All Other Investments [Abstract]  
Summary of Investments
The following table summarizes our bond activity for the years ended December 31, 2025 and 2024 (in thousands):
20252024
Fair value at January 1$40,999 $39,459 
Purchases43,375 23,210 
Redemptions(5,096)(500)
Maturities (34,595)(21,423)
Change in bond premium11 (386)
Fair market value adjustment310 639 
Fair value at December 31$45,004 $40,999 
Summary of Outstanding Interest Rate Swaps The following table summarizes our outstanding interest rate swaps and their classification in the accompanying Consolidated Balance Sheets at December 31, 2025 and 2024 (in thousands). Refer to Note 8, Fair Value Measurements, for additional disclosures regarding fair value measurements.
December 31, 2025
Notional
Amount		Fixed RateExpirationFair
Value		Balance Sheet Location
Interest rate swap$100,000 4.047%7/14/2026$(269)Other current liability
Interest rate swap$30,000 1.186%12/14/2026$628 Other current asset
Interest rate swap$100,000 3.850%7/14/2027$(838)Other non-current liability
Interest rate swap$20,000 2.450%8/14/2027$263 Other non-current asset
Interest rate swap$25,000 3.669%4/14/2028$(228)Other non-current liability
Interest rate swap$25,000 4.488%10/14/2028$(805)Other non-current liability
Interest rate swap$50,000 3.703%3/14/2030$(708)Other non-current liability
Interest rate swap$50,000 3.503%4/14/2030$(327)Other non-current liability
Interest rate swap$50,000 3.658%7/14/2030$(637)Other non-current liability
Interest rate swap$50,000 3.680%7/15/2030$(681)Other non-current liability


December 31, 2024
Notional
Amount		Fixed RateExpirationFair
Value		Balance Sheet Location
Interest rate swap$50,000 0.834%4/14/2025$495 Other current asset
Interest rate swap$30,000 1.186%12/14/2026$1,604 Other non-current asset
Interest rate swap$20,000 2.450%8/14/2027$776 Other non-current asset
Interest rate swap$25,000 3.669%4/14/2028$243 Other non-current asset
Interest rate swap$25,000 4.488%10/14/2028$(437)Other non-current liability
Summary of Effects of Interest Rate Swap The following table summarizes the effects of the interest rate swap on our accompanying Consolidated Statements of Comprehensive Income for the years ended December 31, 2025 and 2024 (in thousands):
(Loss) Gain recognized in
AOCI, net of tax
Gain reclassified from
AOCI into expense
Twelve Months Ended December 31,Twelve Months Ended December 31,Location
2025202420252024
Interest rate swaps$(2,697)$2,396 $2,687 $4,513 Interest expense